True Texas Education Corporation (EIN 854347442) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

Fran Rhodes

Tax Period

2023-10-01 to 2024-09-30

True Texas Education Corporation, founded in 2020, is a small nonprofit in the Public & Societal Benefit sector that reported $394K in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum.

Mission

The corporation is organized and shall be operated exclusively for educational activities within the meaning of Section 501(c)(3) of the Internal Revenue Code. The mission of the corporation is: 1)To teach, continuosly train, and inspire Texas to engage in governments at every level and 2) To help Texans become active participants in their self governance that is established in our Declaration of Independence, by emphasis on historic background, understanding governmental processes, origin documents, and analyzing current events as they relate to Texas citizens.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $393,424

Program Service Revenue $521

Investment Income $0

Other Revenue $0

TOTAL REVENUE $393,945

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $300,033

Fundraising Expenses $60,205

Program Expenses $183,133

Other Expenses $81,805

TOTAL EXPENSES $383,338

Year-over-Year Comparison

	2023	2022	Change
Revenue	$393,945	$264,988	+0.5%
Expenses	$383,338	$167,028	+1.3%
Net Income	$10,607	$97,960	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

Volunteers

100

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$200,000

Total Directors

$200,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Julie McCarty	Director	10.00	Officer Director	$100,000	$0	$100,000
Fran Rhodes	Treasurer	10.00	Officer Director	$100,000	$0	$100,000
Fred McCarty	President	1.00	Officer Director	$0	$0	$0
Ashley Groff	Secretary	1.00	Officer Director	$0	$0	$0
Molly Maddux	Director	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$393,945	$383,338	$159,739	$10,607
2023	$264,988	$167,028	$148,202	$97,960

True Texas Education Corporation